All too often, companies neglect conducting a payroll health check, especially when employees are getting paid on time and the business is operating as usual. This has led to numerous companies being caught out and penalised for not properly accounting for payroll taxes withheld or underpaying employees. In some instances, it’s not necessarily a compliance issue but instead, companies are just throwing away money due to out-of-date payroll processes.
A payroll audit by independent experts — who will go through your payroll processes thoroughly — can assist your company in fixing any discrepancies before regulators become involved. This could save businesses millions in overpayments, underpayments that need to be corrected or unnecessary tax.
This whitepaper outlines how a payroll health check can help identify potential issues and save your business money.